I have deposited TDS online. During payment i have made a mistake. I have chooes Section 94A instead of 94C.
How can i rectify this.
With Regards
Imran Ahmed
Imran Ahmad (Working on GST with HLL & Castrol Distributor ) (118 Points)
29 March 2018I have deposited TDS online. During payment i have made a mistake. I have chooes Section 94A instead of 94C.
How can i rectify this.
With Regards
Imran Ahmed
Langesh Siva
(Accounts Manager)
(164 Points)
Replied 29 March 2018
Hi,
One must enter all challan details properly. If the return is rejected due to wrong or mismatch details then one must revise the respective return with correct details and file again
Langesh Siva
(Accounts Manager)
(164 Points)
Replied 29 March 2018
If paid wrongly within a day conduct the bank they will change
Ajay Kumar Maggidi
(Manager - Finance & Accounts)
(2073 Points)
Replied 29 March 2018
Pawan
(CA Final)
(572 Points)
Replied 29 March 2018
As per Circular No. E/257 dated 12th September 2014, Section quoted in Challan, at the time of depositing Tax deducted/ collected is irrelevant for the purpose of consumption in TDS Statement. Applicable from FY 2013-14.
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(616 Points)
Replied 29 March 2018
Jatin
(B.Com)
(473 Points)
Replied 29 March 2018
Vinaya Kumara K H
(Accounts Executive)
(259 Points)
Replied 30 March 2018
NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN.
The fields that can be corrected by the Taxpayer through Bank are tabulated below
Sl. No. | Type of Correction on Challan | Period for correction request (in days) |
---|---|---|
1 | PAN/TAN | Within 7 days from challan deposit date |
2 | Assessment Year | Within 7 days from challan deposit date |
3 | Total Amount | Within 7 days from challan deposit date |
4 | Major Head | Within 3 months from challan deposit date |
5 | Minor Head | Within 3 months from challan deposit date |
6 | Nature of Payment | Within 3 months from challan deposit date |
Note :
Sl. No. | Type of Correction on Challan | Performed By |
---|---|---|
1 | PAN/TAN | Assessing Officer |
2 | Assessment Year | Assessing Officer |
3 | Major Head | Assessing Officer /Bank |
4 | Minor Head | Assessing Officer |
5 | Nature of Payment | Assessing Officer |
6 | Total Amount | Bank |
7 | Name | Bank |
Imran Ahmad
(Working on GST with HLL & Castrol Distributor )
(118 Points)
Replied 30 March 2018
Thank you Mr CA. Nitin K. Varshney for your prompt reply. Can you give me one suggession, Such TDS can be used in Next FY. If yes pls maintion the Act where it is permitted
With Thanks & Regards
Imran Ahmed
Imran Ahmad
(Working on GST with HLL & Castrol Distributor )
(118 Points)
Replied 30 March 2018
How can i use such deposit.
Can it be used in Next FY
Rahul Prajapati
(Student)
(2282 Points)
Replied 30 March 2018
HI IMRAN,
AS SUCH I KNOWS SECTION MENTIONED IN CHALLAN IS IRRELEVANT.
MOST OF OUR CLIENTS DID SAME MISTAKE NUMBER OF TIMES. ONLY CHALLAN AMOUNT AND CONSUMPTION OF SAME IS RELEVANT
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(616 Points)
Replied 31 March 2018